A glance at the table provided reveals the changes which took place in the source of student income over a decade in the United Kingdom from 1988/89 to 1998/99.
Parental contribution dropped by 16% from 32% in 1988 to 16% in 1998/99. At the same time, grants stood at 38% in 1988/89 and 1989/90, but plunged to 23% in 1995/96 and 16% in 1998/99.
On the other hand, there was a 6% growth in earnings, which was 6% of total income in 1988/89 but rose to 14% in 1995/96 before decreasing slightly to 12% in 1998/99. Student loans, which were not a source of income in 1988/89, soared to 24% in 1998/99. Meanwhile, other income went up 10% from 24% in 1988/89 to 34% in 1998/99 although there was a fluctuation during the period.
Overall, parental contribution, grants and earnings became less important while student loans and other income became more important in students’ income. (How did total income change?)
Parental contribution dropped by 16% from 32% in 1988 to 16% in 1998/99. At the same time, grants stood at 38% in 1988/89 and 1989/90, but plunged to 23% in 1995/96 and 16% in 1998/99.
On the other hand, there was a 6% growth in earnings, which was 6% of total income in 1988/89 but rose to 14% in 1995/96 before decreasing slightly to 12% in 1998/99. Student loans, which were not a source of income in 1988/89, soared to 24% in 1998/99. Meanwhile, other income went up 10% from 24% in 1988/89 to 34% in 1998/99 although there was a fluctuation during the period.
Overall, parental contribution, grants and earnings became less important while student loans and other income became more important in students’ income. (How did total income change?)